The life insurance and financial services company said Chokel joins the company after 23 years at auto insurance company
, where he was the co-chief executive responsible for investments and capital management. Additionally, Chokel will be nominated to serve on Conseco's board.
Hagerty, who will remain on Conseco's board, resumes his duties as a partner at private equity firm
Thomas Lee Partners
. The firm owns about 7% of Conseco's common stock.
Shares of Conseco were lately up 42 cents, or 2.9%, to $14.98 in composite trading on the
New York Stock Exchange